Winter Weather - What Will Your Property Insurance Cover?

Winter weather brings many perils to property owners – cold weather, feet of snow, blizzards, icy roads, frozen pipes, power outages and landscaping damage. Unfortunately, a ‘one-size-fits-all’ property policy that will provide 100% coverage under any and all circumstances does not exist. It is up to the insured to take their particular risks’ into consideration and evaluate their policy accordingly, which may mean adding extra coverages.

Every policy is different leaving it to the insured to understand what disasters or events are covered and what ones are excluded from their insurance.

What your policy will not cover:

Standard insurance policies do not cover flood damage. Therefore, unless you have a separate policy through the National Flood Insurance Program (NFIP), you would not be covered if your property suffered from flooding. One would think that flooding is uncommon in the winter months. However, flooding can result from a quick fluctuation in temperature, causing large amounts of snow to melt in a short period of time. This can often be unexpected and lead to potential damages to the home or business property.

A standard property insurance policy will also not cover any damages that were due in part to the insured’s negligence. For instance, many people in the North travel down South to enjoy the warmer weather for the winter months and leave their properties unattended. If you are leaving your home during the winter months for an extended period of time, there are steps you must take to prevent damages that may occur such as frozen and bursting pipes.

Home and business owners should: make sure that their property is visited often to ensure that heat is being maintained, keep the temperature above 55 degrees Fahrenheit, shut off the water completely, drain the pipes, etc. Proper insurance policies have requirements for preventing losses so that maintaining heat is always a requirement; failure to comply with these requirements could result in uncovered damages.

Prevent damages

There are several types of damages that can result from winter weather that an insurance company may or may not cover. The best way to relieve yourself from the cost of property damage is to mitigate these potential problems beforehand: